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Thu, 02nd Jul 2020 12:44
TomCo Energy PLC - London-based fund manager - Raises GBP1.5 million through placing of 375 million shares at 0.4 pence each. New cash will be used to pursue the development of an oil sands plant at Asphalt Ridge, Utah. Following admission, TomCo will have 650.8 million shares in issue.
Current stock price: 0.45p
Year-to-date change: down 34%
By Ife Taiwo; ifetaiwo@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
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(Sharecast News) - US-focussed oil development company TomCo Energy updated the market on its Greenfield Energy 50-50 joint venture with Valkor on Thursday, and the upgrades being undertaken by Greenfield to Petroteq Energy's existing oil sands plant at Asphalt Ridge in Utah.
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